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OTC Symbology

Etrading Software fulfilled the PMO function for the development of a global identifier for derivatives.

Triggered by regulatory rules from the SEC & ESMA, Etrading Software launched a project under ISDA’s guidance to address a long outstanding issue surrounding global product identifiers for derivatives.

Building a sponsorship group including banks, asset manager, depositories and data vendors, Etrading Software led the working groups who focused on defining the granularity and relevant workflows for the identifiers in different instrument classes.  In addition, we built a consensus on regulatory interpretation and requirements that enabled the project to begin its engagement with the wider marketplace, including regulators and existing numbering agencies.

Delivered to date:

  • Documented interpretation of the regulatory requirements
  • Published challenges with the current recommended approach by regulators
  • Published principles for any global product identifier for derivatives
16 May 2017
Grant Wilson announces full coverage of the top FI dealers: BAML joins Neptune
6 April 2017
Grant Wilson announces the connection of FlexTrade to Neptune.
3 April 2017
Sassan Danesh discusses the launch of the Derivatives Service Bureau UAT platform.
29 March 2017
Sentinel Consortium on track to meet MiFID II deadlines.